On July 18, Bloomberg reported that a key planner of the lobbying campaign who transformed Donald Trump into the most powerful supporter of cryptocurrencies was making a big bet in one of the hottest areas in the industry and gaining a surprising reward. According to people familiar with the matter, David Bailey's hedge fund 210k Capital achieved a net return of 640% in the 12 months to the end of June, far exceeding the increase in Bitcoin itself. The fund has invested in about a dozen companies that have transformed into Bitcoin buyers. As of June 30, 210k Capital had assets under management of $433 million.